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WE'LL HAVE DRAMATIC NEW DETAILS
ON THE INVESTIGATION IN JUST A
MOMENT.
FIRST, SOME BREAKING NEWS IN OUR
MONEY LEAD, THE MARKETS EXPLODED
TO RECORD LEVELS TODAY AFTER THE
FEDERAL RESERVE ANNOUNCED THAT
THE ECONOMY IS NOT YET STRONG
ENOUGH AND THERE IS TOO MUCH
POLITICAL UNCERTAINTY TO STOP
THEIR STIMULUS PROGRAM WHICH
MEANS ANOTHER SIX MORE WEEKS OF
FREE MONEY, AT LEAST SIX MORE
WEEKS.
ALISON KOSIK IS LIVE AT THE NEW
YORK STOCK EXCHANGE.
WHY IS WALL STREET CELEBRATING?
>> THEY ARE KEEPING THAT OUT FOR
INVESTORS AND THEY OBVIOUSLY
BOUGHT IN TODAY WITH THE DOW
ENDING AT A RECORD HIGH, THE S&P
AS WELL, AND IT IS NOT ALL ROSES
AND SUNSHINE.
THINK WHAT'S HAPPENING HERE, THE
ECONOMY, IT IS NOT AS STRONG AS
EVERYBODY THOUGHT.
IT IS THE REASON THAT THE FED
DECIDED NOT TO SCALE BACK ITS
FUND PURCHASES AND STILL WANTS
THE STIMULUS TO FLOW INTO THE
FINANCIAL SYSTEM, TO TRY TO
JUICE THE ECONOMY BECAUSE WHILE
THE UNEMPLOYMENT RATE IMPROVED
IT IS STILL VERY HIGH.
YOU LOOK AT THE ECONOMY, IT IS
ONLY GROWING AT A 2.5% PACE.
NORMAL IS NOR LIKE 3.5%.
THE FED RECOGNIZES THIS AND ONCE
AGAIN TODAY THE DOW AND S&P 500
HITTING SUNDAYINTUNNING RECORD .
ZP THERE IS IS OFTEN A
DISCONNECT IN WALL STREET AND
MAIN STREET.
WHAT DOES THAT MEAN.
>> THE HEALTH OF THE ECONOMY,
WHAT THIS SHOWS IS THE HEALTH OF
THE ECONOMY IS LESS THAN
SPECTACULAR.
MANY PEOPLE, THEY ALREADY FEEL
THIS IN THEIR EVERY DAY LIVES
AND DON'T NEED ME TO TELL THEM
THIS.
YOU LOOK AT THE JOBS BEING ADDED
TO THE ECONOMY.
THEY'RE JOBS THAT PAY LOW WAGES,
WAGES IN GENERAL ARE STAGNANT
AND YOU CAN'T FORGET THE HIGH